2, STABLE WAY, MARKET RASEN, LN8 3FQ - £305,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 STABLE WAY is a large detached house of 118m², built sometime between 1996 and 2002, which could now be worth an estimated £398,479. It was last sold for £305,000 in June 2017, which was around 40% above the average June 2017 detached price in the West Lindsey local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was B.

2 STABLE WAY Sold Prices

Land registry data shows two sales for 2 STABLE WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Both of the two 2 STABLE WAY sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2017 26 JUN	£305,000	£218,080	40% above HPI
2002 20 SEP	£185,000	£112,098	65% above HPI

2 STABLE WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two 2 STABLE WAY sales from September 2002 and June 2017 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the September 2002 sale was for 65% above the HPI. So the extrapolation line tracks at 65% above the HPI over time, until the June 2017 sale, where it falls to 40% above the HPI. The line then continues to track at 40% above the HPI.

What might 2 STABLE WAY be worth now?

2 STABLE WAY might now be worth an estimated £398,479.

This is based on house price inflation of 30.6%, between June 2017 and December 2024, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.6% inflationary increase is applied to the most recent sale price for 2 STABLE WAY of £305,000 on 26th June 2017. For the value to have increased from £305,000 to £398,479 over the six years and six months to December 2024, the following assumptions must hold true:

• The value of 2 STABLE WAY has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The June 2017 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of 2 STABLE WAY has not materially changed since June 2017.

How Large is 2 STABLE WAY?

2 STABLE WAY is 118m² according to the EPC inspection conducted in February 2017. This puts it in the largest 40% of detached houses houses in Market Rasen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Market Rasen, and where 2 STABLE WAY lies on this distribution: 60% of detached houses houses are smaller than 2 STABLE WAY, and 39% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

2 STABLE WAY: Plot and Title Map

2 STABLE WAY sits on a plot of roughly 0.216 of an acre, or 876m². The below map shows the location of 2 STABLE WAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 2 STABLE WAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 2 STABLE WAY?

2 STABLE WAY is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 2 on STABLE WAY.